MergerPlace

Iconic West Michigan Restaurant

Michigan (Newaygo)


  • Asking Price: $325,000
  • Gross Income: $806,619
  • Cash Flow: $156,000
  • Real Estate: $175,000
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #206320
  • Established: 1980
  • Employees: 28

Business Description

Founded almost 40 years ago, this growing Restaurant provides a unique dining experience with a large menu and a variety of themed historic regalia. The Restaurant was constructed by converting historic building and grounds into a themed Restaurant. It is hard to miss located next to two noticeable landmarks on the Michigan State Historic Registry. The Company serves a large customer base of both local regulars and travelers. Revenue and cash flow have grown each of the past three years.

The business asking price is $150,000

The real estate asking price is $175,000

The owners have enjoyed managing the restaurant but would like to seek other business ventures. They are willing to provide assistance to a new owner through a reasonable transition period.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency.

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Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Michigan
County: Newaygo

Company Information

Year Established: 1980
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 28

Financial Information

Asking Price: $325,000
Gross Revenue: $806,619
Cash Flow: $156,000
Real Estate: $175,000
Seller Financing Available: No

Property Information

Facilities:

The Restaurant was constructed by converting historic building and grounds into a themed Restaurant. It is hard to miss located next to two noticeable landmarks on the Michigan State Historic Registry.

Growth & expansion opportunities:

Growth Opportunities include: 1) Add Catering Services 2) Expand Bakery Menu 3) Enhance Marketing Techniques 4) Additional Band Shows 5) Sell Novelty Items 6) Add Happy Hour

Competition:

Investment Highlights include: 1) Unique Atmosphere: Converted from previous use, the building sends customers back in time offering a truly unique dining experience. The Restaurant is filled with a variety of historic equipment and memorabilia. 2) Customer Satisfaction: Customers consistently rate the Restaurant highly online for its quality of food and interesting atmosphere. 3) High Quality Food and Low Prices: The Restaurant provides a large number of American favorites at prices that are very affordable. 4) Beer and Wine License: The beer and liquor license not only acts as another revenue stream but also provides customers with a more complete dining experience.

Reason for selling:

The owners are seeking other business ventures.

Support & Training:

Available through a transition period.

Contact Business Seller

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Business Listed By:

Doug Yntema

Calder Capital, LLC